If this is not another indication that Asia is taking over the world, then when are we going to get it?
According to Forbes, Mukesh Ambani could be the richest man in the world by 2014. With a personal fortune estimated at $29 billion, he is already the fourth wealthiest person in the world, behind Slim, Gates and Buffett. It also doesn’t hurt that he is chairman, managing director, and the largest stockholder of fast-growing Reliance Industries, India’s second-largest company with more than $44 billion in annual revenues.
Mukesh’s father Dhirubhai Ambani founded Reliance in 1966 and it has expanded into a massive global conglomerate offering everything from petrochemicals to fabrics. The company’s growth has been awe-inspiring: this year, it ranked 175th in Fortune’s annual Global 500 list of the world’s largest corporations, up from 264th place in 2009
With the price of petroleum likely to remain high and a strengthening economy in India fueling the stock market, Forbes asserts that Ambani’s wealth will increase to $62 billion in just four years. Moreover, as economic instability continues to plague the U.S. and political instability continues to plague Mexico, Gates, Buffett and Slim all stand to lose ground as Ambani’s star rises.